Capital Management Associates Inc Sells 2,150 Shares of Waste Management, Inc. $WM

Capital Management Associates Inc trimmed its stake in shares of Waste Management, Inc. (NYSE:WM) by 50.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,144 shares of the business services provider’s stock after selling 2,150 shares during the quarter. Capital Management Associates Inc’s holdings in Waste Management were worth $491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Westend Capital Management LLC increased its holdings in Waste Management by 126.9% in the first quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock worth $27,000 after purchasing an additional 66 shares in the last quarter. West Branch Capital LLC increased its holdings in Waste Management by 69.0% in the first quarter. West Branch Capital LLC now owns 120 shares of the business services provider’s stock worth $28,000 after purchasing an additional 49 shares in the last quarter. Saudi Central Bank bought a new stake in Waste Management in the first quarter worth approximately $37,000. GKV Capital Management Co. Inc. bought a new stake in Waste Management in the first quarter worth approximately $38,000. Finally, New Age Alpha Advisors LLC bought a new stake in Waste Management in the first quarter worth approximately $45,000. 80.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WM has been the subject of a number of research analyst reports. National Bankshares lowered their target price on Waste Management from $250.00 to $243.00 and set a “sector perform” rating for the company in a report on Tuesday. Oppenheimer lowered their target price on Waste Management from $265.00 to $262.00 and set an “outperform” rating for the company in a report on Wednesday. William Blair reissued an “outperform” rating on shares of Waste Management in a research note on Tuesday, July 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Waste Management in a research note on Wednesday. Finally, CIBC raised their price objective on Waste Management from $244.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, June 26th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $254.37.

Waste Management Stock Up 1.1%

Shares of NYSE:WM opened at $220.00 on Thursday. The stock has a market cap of $88.62 billion, a price-to-earnings ratio of 32.64, a PEG ratio of 2.66 and a beta of 0.64. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.51. Waste Management, Inc. has a 12-month low of $199.69 and a 12-month high of $242.58. The business’s 50 day moving average is $223.47 and its 200 day moving average is $228.09.

Waste Management (NYSE:WM) last announced its earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.03. The company had revenue of $6.43 billion for the quarter, compared to analysts’ expectations of $6.37 billion. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.Waste Management’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.82 earnings per share. Waste Management has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.30 annualized dividend and a dividend yield of 1.5%. Waste Management’s payout ratio is presently 48.96%.

Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.